AGCO Corp. (AGCO) Misses Q4 EPS by 61c, Offers FY Guidance

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Go back to AGCO Corp. (AGCO) Misses Q4 EPS by 61c, Offers FY Guidance

AGCO Reports Fourth Quarter Results

February 6, 2020 7:30 AM EST

DULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, reported net sales of approximately $2.5 billion for the fourth quarter of 2019, a decrease of approximately 3.0% compared to the fourth quarter of 2018. Reported net loss was $1.17 per share for the fourth quarter of 2019, and adjusted net income(3), excluding non-cash impairment charges, restructuring expenses and a tax gain, was $0.94 per share. These results compare to reported net income of $1.26 per share and adjusted net income, excluding restructuring expenses, debt retirement costs... More